The Financial Services Compensation Scheme has taken the unusual step of naming two firms suspected of trying to scam LCF mini-bond victims.

The Philips Trust Corporation Limited - which administered 2,400 trusts - has gone into administration.

Three quarters (73%) of UK adults have done little or no planning for their retirement finances, according to a new report.

Private equity firm Anacap-owned platforms Novia and Wealthtime are to be combined under the Wealthtime brand in the second half of this year.

A surge in the registration of new and existing trusts with HMRC is expected ahead of the deadline of 1 September.